Handbook of the economics of risk and uncertainty / by Mark J. Machina, Distinguished Professor of Economics, University of California, San Diego, CA, USA; W. Kip Viscusi, University Distinguished Professor of Law, Economics, and Management, Vanderbilt University, USA.

Includes bibliographical references and index.

Vol. 1. Axiomatic foundations of expected utility and subjective probability / Edi Karni -- Rationality and dynamic consistency under risk and uncertainty / Peter J. Hammond and Horst Zank -- The theory of risk and risk aversion / Jack Meyer -- Assessment and estimation of risk preferences / Charles A. Holt and Susan K. Laury -- Insurance and insurance markets / Georges Dionne and Scott E. Harrington -- Uncertainty and imperfect information in markets / Benjamin E. Hermalin -- The value of individual and societal risks to life and health / W. Kip Viscusi -- Economic analysis of risk and uncertainty induced by health shocks : a review and extension / Tomas J. Philipson and George Zanjani -- Regulating occupational and product risks / Thomas J. Kniesner and John D. Leeth -- Environmental risk and uncertainty / Joseph E. Aldy and W. Kip Viscusi -- Economics of natural catastrophe risk insurance / Howard Kunreuther and Erwann Michel-Kerjan -- Non-expected utility models under objective uncertainty / John Quiggin -- Ambiguity and ambiguity aversion / Mark J. Machina and Marciano Siniscalchi -- Choice under uncertainty : empirical methods and experimental results / John D. Hey.

Detailed surveys examine risk and uncertainty, from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance.